Dow set to jump over 250 points, boosted by Boeing and Apple earnings

A Boeing 737 MAX 8 airliner lifts up for its first flight on January 29, 2016 in Renton, Wash.

Investors also looked ahead to a key monetary policy decision from the Federal Reserve. The Fed has a long-term interest rate. However, investors will look for clues regarding the Fed's plans to roll out its massive balance sheet.

Facebook and Microsoft are scheduled to report after the bell Wednesday. Qualcomm and Tesla are also slated to report.

Market focus is largely attuned to global trade developments. officials on Wednesday. Treasury Secretary Steven Mnuchin said on Tuesday that he said that the two economies in the world are in the process of being left out of their hands.

, including intellectual property rights and technology transfers.

On the data front, at ADP employment report is due at 8:15 am ET and a pending home sales index is due to be reported at 10 a.m. ET.